The power of convergence: Harnessing AI and IG for legal excellence – Part II
Chris Giles
Welcome to Part II of our exploration into the intersection of Information Governance (IG) and Artif(...)
The Power of Convergence: Harnessing AI and IG for Legal Excellence – Part I
Chris Giles
Our technological landscape is changing. The combination of information governance (IG) and artifici(...)
Thomson Reuters Elite held a briefing in London recently to provide updates on the Elite Enterprise Business Management Solution, which consists, at its core, of 3E for financial management, MatterSphere for client and matter management, and Business Development Premier (BDP) for business development and CRM.
The session updated a sector-experienced and influential audience on the Elite cloud strategy, on investment in the lawyer-as-a-user experience, on core product roadmaps and on progress in selling the solutions to a wide variety of firms.
Modern law firms are hives of activity with many teams carrying out myriad functions to help the organization thrive. Underpinning this collaborative work in the modern office is technology.
Technology Managed Services is the practice of outsourcing the day-to-day management of workstations and laptops, servers, and computer networks.
Israel, a country known throughout the world as the "start-up nation", prides itself on the enormous number of inventions and innovations that it has produced over 69 years since its founding – despite challenges of geography, size and diplomacy. Israeli ingenuity has brought the world drip irrigation, cherry tomato, electric car grid, Disk-on-Key, PillCam, solar windows, space camera and much more.
Israel is also the land of lawyers, with the ratio of lawyers per population reaching world record level of 1:138, compared to 1:246 in the US. Ironically, a well-known phrase, according to which "the cobbler's shoes are never fixed", would be the most appropriate to describe the state of the Israeli legal industry's involvement in innovative legal technology, at least until recently.
Tikit has been investing a lot of time and money over the last couple of years in line with our vision of the future of legal IT. With the launch of our flagship time recording system, Carpe Diem, delivered from the Microsoft Azure cloud to the latest announcement of the choice of NetDocuments as Tikit’s preferred Document Management System provider, it is clear that this vision is underpinned by cloud technology.
While Tikit and its key partners are very optimistic about our collective future and the viability of a legal cloud (r)evolution, we must also be realistic about the joint challenge ahead and the fact that while many law firms are not ‘there’ yet, neither is the technology that necessitates a 100% cloud first/true cloud reality.
A successful migration of your document management system (DMS) not only avoids technical issues, but also improves the lives of the people who use it daily.
NetDocuments offers many features that make it an attractive option for law firms, but it has particular characteristics that must be taken into account. By being aware of the differences between NetDocuments and your current system, you can ensure a painless transition that accounts for the needs of everyone at your firm.
Embracing technology is key to success for IP law firms
Intellectual property law firms are experts in innovation. They prosecute patents and trademarks covering leading edge technologies that we all enjoy in the products we buy and the services we use. IP firms’ clients innovate to outperform competitors, to differentiate their products or services, and to simplify business practices for flexible and efficient operations. Furthermore, as global demographics evolve into digital natives, expectations are increasing for access to continuously available information.
Microsoft is eager to get customers to Windows 10. Part of this campaign involved pushing the new system automatically to many users’ home computers last year when it came out. Now Microsoft is subtly issuing limited compatibility requirements for new processors, meaning that your firm all but has to upgrade to Windows 10 if you are planning to buy new computers. This is important news for law firms, 90% of which are running Windows 7, according to a survey by the International Legal Technology Association (ILTA).
Last year, a massive cyberattack on law firm Mossack Fonseca exposed some of the world’s most powerful people in a web of suspicious financial transactions. Dubbed the Panama Papers, the 11.5 million published documents revealed a widespread system of global tax evasion involving prominent individuals from FIFA soccer officials to the Icelandic Prime Minister.
The Panamanian law firm, however, was far from the only legal organization to suffer a major hack in 2016. A recent survey published by the American Bar Association found an additional 26 percent of law firms with 500 attorneys or more experienced security breaches in the past year.
Making the transition to a Hosted system is a step businesses in every sector will need to consider in the near future. While the many benefits of hosted telephony are becoming vastly more understood, any upgrade to your firm’s infrastructure needs to be carefully weighed up. So, what makes hosted telephony such an attractive option for modern businesses, and how well do these advantages translate to the specific needs of your law firm?
This is a big day for iManage. For starters, the company has unveiled iManage Work 10, a new version of its document and email management system. ‘This is the biggest piece of news for iManage in at least 13 years, maybe ever,’ says the company’s chief marketing officer Dan Carmel.
iManage has also enhanced its iManage Cloud services with technologies used by leading Internet firms such as Google, Facebook and Twitter. ‘The cloud services are a substantial rewrite,’ says Carmel. ‘This is a clear leapfrogging of anything else that exists in the market today and plants a very big stake in the ground for the next 10 years.’
The security-related lexicon pertaining to email scams is rapidly growing. There’s phishing, spear-phishing, ransomware, whaling; and most recently, I heard of ‘smishing’. Not entirely an email scam, but these SMS-based messages have an email like format with email-specific fields in the messages and malicious links hiding behind shortened URLs.
Cybercrime is indeed a global problem, but law firms are especially susceptible due to the large volume of highly sensitive client data they hold on businesses and individuals; in addition to the fact that they are also cash rich.
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